Vossloh Expands Service Portfolio in Northern Europe through Acquisition of Scandinavian Track Group (STG)

Vossloh AG announced the acquisition of Scandinavian Track Group (STG) to expand its service portfolio in Northern Europe. STG, a leading Swedish company, specializes in switch services and track-specific welding, completing Vossloh’s range of services.

This acquisition aligns with Vossloh's sustainability strategy, enhancing their focus on the circular economy by refurbishing used track components. STG’s integration will enable Vossloh to offer comprehensive solutions for the entire life cycle of switches, from development and production to maintenance and reconditioning.

The transaction is expected to be finalized by mid-2024 pending approval from Swedish authorities. STG employs 120 people and generated €22.3 million in sales in 2023. This strategic move further strengthens Vossloh’s position in the Scandinavian market.